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Markets Appear Vulnerable: Hideout in these 3 Top Ranked Defensive Stocks
DVADaVita(DVA) Zacks Investment Research·2024-02-21 18:20

The stock market has moved aggressively higher since the start of the year with the S&P 500 gaining 4.6% YTD and the Nasdaq 100 5.2%. While there is nothing inherently wrong with the market showing such strength, there are a few concerning developments brewing that may lead to at least a minor correction in the coming weeks.Because of these developments, I am turning my focus to some more defensive stocks which I will share here.Channel Breakdown In the chart below we can see that the Nasdaq 100 has been tr ...